Non-Recourse Premium Financed Life Insurance.

Click here for information about selling your policy

Click here to see if you qualify

Life insurance plays an important role in estate planning. It is an effective means to help preserve and grow assets. However, the cost of self-funding premiums, especially at older ages, can be prohibitive. A prospective insured should be aware that there are alternatives to using his or her own funds or traditional premium financing arrangements to pay for insurance.

Specialized Premium Financed Life Insurance is an alternative you may wish to consider if you want to buy life insurance and:

  • You do not wish to liquidate personal assests or investments to cover the cost of life insurance premiums;
  • You do not wish to incur the costs and fees or to expose your net worth to the liability of a traditional recourse loan for premium financing; and
  • You wish to purchase more life insurance than your current cash resources allow (e.g., where cash is tied up in liquid investments, real estate or other assets which are not easily converted to cash).
Why Non-Recourse Premium Financed Life Insurance?
This program allows qualified individuals the opportunity to create substantial additional wealth, with no out of pocket expense, investment or personal guarantee of any kind, by obtaining newly issued life insurance coverage in an amount up to your Insurable Net Worth for a period of 24 months or longer.
Insurable Net Worth commonly refers to the maximum allowable amount of life insurance for which an individual is eligible at any point in time. A standard benchmark in the life insurance industry is that an individual over the age of 65 is eligable for life insurance in an amount equal to his or her net worth minus any current insurance in force.
Benefits of Non Recourse Life Insurance.

Provide life insurance protection for two to three years with no out of pocket expense. Provide the option of a life settlement which can provide a cash payout. The cash generated by the life settlement can be utilized to:

  • Fund a bequest to a favorite charity and provide philanthropy opportunities.
  • Provide needed cash.
  • Supplement the client's retirement plan.
  • Finance health care.
  • Gift to family and friends.
  • Provide for a special needs child or grandchild.
Our network of professionals has compliance experts and legal counsel and will gladly arrange a consultation with the applicant's personal advisors at no charge or obligation.
Qualifications
  • Minimum age: 70
  • Maximum age: 90
  • Minimum Insurable Net Worth: $3 million
    • Insurable Net Worth commonly refers to the maximum allowable amount of life insurance for which an individual is eligible at any point in time. A standard benchmark in the life insurance industry is that an individual over the age of 65 is eligable for life insurance in an amount equal to his or her net worth minus any current insurance in force.
  • Must be U.S. resident
  • Impaired health risk is generally acceptable
  • There is legitimate need for estate planning and wealth preservation
Summary of our Non Recourse Life Insurance Program.
  • Allows individuals to obtain the maximum coverage of high quality life insurance from the nations top rated insurance carriers without the liability, or obligation to pay premium payments or any related costs for the term of the program.

  • Utilize your hidden asset of untapped life insurance, up to your networth, to benefit others with no out of pocket expenses.

  • Create substantial additional wealth, with no out of pocket expense.

  • A unique way to donate/ contribute to a charity or loved ones. Your net worth is not effected.

  • Simple confidential process to find out if you qualify.
 
 

Wealth Acceleration Group
PO Box 22594 * Kansas City, Missouri 64113
Phone: 316-650-0001
Fax: 816-442-7902
jay@waginsurance.com

Loans for life insurance are better served for clients age 70 and above and in good health. Clients from all states are applicable. Some clients do not qualify.   The Wealth Acceleration Group believes life insurance is best served as a long- term estate planning tool to satisfy estate taxes, estate equalization and business succession planning. If the estate tax laws change in your favor and you no longer need the policy, you can liquidate the life insurance policy for a living benefit by selling the asset to a financial institution on a secondary market for an average of 29% face value (researched by Life Policy Dynamics in Washington D.C.).  The Wealth Acceleration Group, LLC does not engage in the practice of law or accounting or give legal, accounting, tax or actuarial advice. For such advice, please consult your advisor(s). Clients may not receive a new life insurance policy with the intent to sell that policy.